Monday, April 9, 2007
YouDecide Acquires Voluntary Benefits Division of RewardsPlus of America
BlogOut provides regular, global outsourcing updates. See BlogOut Directory for the complete list of categories
See also outsourcing updates for related categories: Human Resources, Finance & Accounting
YouDecide Acquires Voluntary Benefits Division of RewardsPlus of America
Acquisition allows YouDecide to offer a complete voluntary benefit program package to employers
Press release
DULUTH, Ga., April 2, 2007 - YouDecide.com, Inc., a leading provider of voluntary employee benefit products and services and a division of Vbenx Corporation, has acquired RewardsPlus of America Insurance Agency, Inc. (the "Agency"), a subsidiary of RealLife HR.
The purchase includes the Agency's SureDeduct/SurePay technology, the company's industry-leading, single-slot payroll deduction technology. The acquisition adds a voluntary customer base of more than 150,000 active employees, including 20 major accounts, averaging 8,000+ employee populations.
"With this acquisition, we combine the unique value propositions of two industry-leading technologies that individually changed the landscape of the voluntary benefits marketplace. Integrating these two programs sets the bar even higher and we will continue to set the pace for the industry over the next several years," said Peter E. Marcia, CEO of Vbenx Corporation.
"Our exceptional communications and delivery platform coupled with the SureDeduct/SurePay payroll technology will provide us with a unique advantage in the marketplace and firmly establish our leadership position in the voluntary employee benefits marketplace," Marcia continued.
"YouDecide has emerged as a superior employee benefits technology resource. Coupled with the acquired voluntary benefit resources of the Agency, we can offer a solution second to none in the marketplace today," said Tony Trani, president of Vbenx Corporation. "We are extremely excited with the reception our new offering is receiving - everyone is anxious for this total voluntary benefit package that creates a comprehensive solution within the marketplace," he added.
Gary Broache, RealLife HR president and CEO, views the consolidation of the voluntary benefits platforms as the natural evolution of the business models. "As RealLife HR continues its focus on the growth of its core health and welfare outsourcing services platform, YouDecide became the natural partner for us in the voluntary benefits arena. This transaction allows us to provide our customers with an enhanced voluntary benefits solution while leveraging our existing SureDeduct/SurePay technology. We look forward to our partnership with YouDecide," he said.
YouDecide's voluntary benefit and discount programs augment an employer's core benefits, providing a means of strengthening an employer's compensation package as well as their corporate image with employees. "Combining YouDecide's breadth of traditional and non-traditional voluntary products and services with the Agency's payroll deduction capabilities allows us to offer a turn-key voluntary benefit delivery solution to employers," Trani said.
YouDecide's complete voluntary benefits platform for employers and associations now includes:
-- Full portfolio of insurance and financial products offered on a group
and individual basis;
-- Real-time policy quoting on a broad portfolio of products including
healthcare, disability, long-term care, automobile and homeowner
insurance, as well as other insurance products and services;
-- Wide selection of more than 75 consumer goods and services discount
programs from quality partners;
-- One-stop shopping via a dedicated toll-free number featuring qualified
advisors, single destination website for all voluntary benefits tools,
resources, information, purchasing and enrollment; and
-- Single slot payroll deduction technology, including premium
reconciliation and remittance to carriers.
"From retirement to healthcare, the trend in providing employee benefits clearly points to a continued shift in individual financial responsibility from the employer to the employee in the management of their personal benefits portfolio," Marcia continued.
"YouDecide is uniquely positioned to take advantage of such market trends with our technology platform delivering a high quality, customizable employee benefits experience in a secure environment for our clients. To that end, we believe this partnership with the Agency will allow us to be a dominate player in the voluntary benefits marketplace," Marcia concluded.
About YouDecide
YouDecide.com, Inc., a division of Vbenx Corporation, is a leading provider of voluntary benefit and discount programs, offering a single destination web site for financial, insurance and employee discount programs. For over a decade, YouDecide has offered a diverse selection of competitive products enabling employees to compare rates; utilize educational and analytical tools; and make purchases at favorable prices through the Internet, corporate Intranet and telephone. YouDecide currently has over three million eligible corporate members and one million affinity and association members. For more information, visit http://www.youdecide.com/ or call 770-291-7500.
About RealLife HR
A nationwide leader in benefits management automation and outsourcing services, RealLife HR simplifies and automates benefits communications, enrollment and administration. Distinguished by an award-winning dedicated service delivery model, extensive US-based call center services compliment the company's technology foundation. Utilizing proprietary tools, most implementations of the RealLife Benefits(R) solution can be completed within 90 days. RealLife HR clients include a wide array of nationally recognized entities including adidas, Magellan Health Systems, Bombardier, US Airways, and the North Carolina Office of State Personnel. For more information, visit http://www.reallifehr.com/.
Website: http://www.youdecide.com/
Website: http://www.reallifehr.com/
Click on the labels below for more posts on those categories
See also outsourcing updates for related categories: Human Resources, Finance & Accounting
YouDecide Acquires Voluntary Benefits Division of RewardsPlus of America
Acquisition allows YouDecide to offer a complete voluntary benefit program package to employers
Press release
DULUTH, Ga., April 2, 2007 - YouDecide.com, Inc., a leading provider of voluntary employee benefit products and services and a division of Vbenx Corporation, has acquired RewardsPlus of America Insurance Agency, Inc. (the "Agency"), a subsidiary of RealLife HR.
The purchase includes the Agency's SureDeduct/SurePay technology, the company's industry-leading, single-slot payroll deduction technology. The acquisition adds a voluntary customer base of more than 150,000 active employees, including 20 major accounts, averaging 8,000+ employee populations.
"With this acquisition, we combine the unique value propositions of two industry-leading technologies that individually changed the landscape of the voluntary benefits marketplace. Integrating these two programs sets the bar even higher and we will continue to set the pace for the industry over the next several years," said Peter E. Marcia, CEO of Vbenx Corporation.
"Our exceptional communications and delivery platform coupled with the SureDeduct/SurePay payroll technology will provide us with a unique advantage in the marketplace and firmly establish our leadership position in the voluntary employee benefits marketplace," Marcia continued.
"YouDecide has emerged as a superior employee benefits technology resource. Coupled with the acquired voluntary benefit resources of the Agency, we can offer a solution second to none in the marketplace today," said Tony Trani, president of Vbenx Corporation. "We are extremely excited with the reception our new offering is receiving - everyone is anxious for this total voluntary benefit package that creates a comprehensive solution within the marketplace," he added.
Gary Broache, RealLife HR president and CEO, views the consolidation of the voluntary benefits platforms as the natural evolution of the business models. "As RealLife HR continues its focus on the growth of its core health and welfare outsourcing services platform, YouDecide became the natural partner for us in the voluntary benefits arena. This transaction allows us to provide our customers with an enhanced voluntary benefits solution while leveraging our existing SureDeduct/SurePay technology. We look forward to our partnership with YouDecide," he said.
YouDecide's voluntary benefit and discount programs augment an employer's core benefits, providing a means of strengthening an employer's compensation package as well as their corporate image with employees. "Combining YouDecide's breadth of traditional and non-traditional voluntary products and services with the Agency's payroll deduction capabilities allows us to offer a turn-key voluntary benefit delivery solution to employers," Trani said.
YouDecide's complete voluntary benefits platform for employers and associations now includes:
-- Full portfolio of insurance and financial products offered on a group
and individual basis;
-- Real-time policy quoting on a broad portfolio of products including
healthcare, disability, long-term care, automobile and homeowner
insurance, as well as other insurance products and services;
-- Wide selection of more than 75 consumer goods and services discount
programs from quality partners;
-- One-stop shopping via a dedicated toll-free number featuring qualified
advisors, single destination website for all voluntary benefits tools,
resources, information, purchasing and enrollment; and
-- Single slot payroll deduction technology, including premium
reconciliation and remittance to carriers.
"From retirement to healthcare, the trend in providing employee benefits clearly points to a continued shift in individual financial responsibility from the employer to the employee in the management of their personal benefits portfolio," Marcia continued.
"YouDecide is uniquely positioned to take advantage of such market trends with our technology platform delivering a high quality, customizable employee benefits experience in a secure environment for our clients. To that end, we believe this partnership with the Agency will allow us to be a dominate player in the voluntary benefits marketplace," Marcia concluded.
About YouDecide
YouDecide.com, Inc., a division of Vbenx Corporation, is a leading provider of voluntary benefit and discount programs, offering a single destination web site for financial, insurance and employee discount programs. For over a decade, YouDecide has offered a diverse selection of competitive products enabling employees to compare rates; utilize educational and analytical tools; and make purchases at favorable prices through the Internet, corporate Intranet and telephone. YouDecide currently has over three million eligible corporate members and one million affinity and association members. For more information, visit http://www.youdecide.com/ or call 770-291-7500.
About RealLife HR
A nationwide leader in benefits management automation and outsourcing services, RealLife HR simplifies and automates benefits communications, enrollment and administration. Distinguished by an award-winning dedicated service delivery model, extensive US-based call center services compliment the company's technology foundation. Utilizing proprietary tools, most implementations of the RealLife Benefits(R) solution can be completed within 90 days. RealLife HR clients include a wide array of nationally recognized entities including adidas, Magellan Health Systems, Bombardier, US Airways, and the North Carolina Office of State Personnel. For more information, visit http://www.reallifehr.com/.
Website: http://www.youdecide.com/
Website: http://www.reallifehr.com/
Click on the labels below for more posts on those categories
Labels: benefits-administration, it-finance-usa, it-hr, payroll-usa
PermaLink - YouDecide Acquires Voluntary Benefits Division of RewardsPlus of America posted by Ecacofonix : 1:55 AM
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ACS Wins Outsourcing Contract With Public Employee Retirement System of Idaho
BlogOut provides regular, global outsourcing updates. See BlogOut Directory for the complete list of categories
See also outsourcing updates for related categories: Government & Society, Human Resources, Finance & Accounting, Computers & Software, USA
ACS Wins Renewed Defined Contribution Outsourcing Contract With Public Employee Retirement System of Idaho
DALLAS, March 27 -- Affiliated Computer Services, Inc. (NYSE: ACS) , a premier provider of business process outsourcing and information technology solutions, announced today that it has been awarded a renewal of its defined contribution outsourcing contract with the Public Employee Retirement System of Idaho (PERSI), a multi-billion dollar retirement plan providing long-term benefits for more than 100,000 members who have had careers in public service. The three-year contract is valued at $4.7 million, with a two-year renewal option.
ACS has been providing participant recordkeeping, communications, and compliance services for PERSI members of their supplemental 401(k) plan since 2001. These services will continue under the terms of the renewed agreement, with ACS enhancing its communications services to include consulting services that will promote PERSI's defined contribution plan, which ACS supports. ACS will also manage a state-of-the-art participant website on behalf of PERSI.
ACS won the business despite strong competition, underscoring its successful track record with PERSI, as well as a history of delivering exceptional service in the defined contribution plan arena. The contract is one of a number of recent renewals for ACS in the human resource outsourcing (HRO) and the total benefits outsourcing lines of business.
"ACS delivers expert knowledge of complex issues and a consistent commitment to technical excellence that translates into efficient, accurate, and customer-focused servicing for our members," said Diane Kaiser, Choice Plan 401(k) Manager of PERSI. "With ACS' help, we have measurably enhanced our member services in the 401(k) plan, and at the same time, improved and streamlined efficiencies. We value ACS' partnership approach and flexibility, especially in the somewhat unique environment of a governmental 401(k) plan, which allows us to work closely together to effectively meet the diverse needs of our members."
"Total benefits outsourcing is a core competency of ACS' HRO business," said David Bywater, ACS Senior Managing Director, HRO Solutions. "Paired with our industry-leading consulting capabilities, ACS has distinguished itself globally as a top HRO provider -- offering comprehensive solutions and best-in-class service and results that help our clients improve their overall performance in human resources. We're extremely pleased about continuing to support PERSI and its members under this renewed agreement."
ACS and PERSI support 680 public employers within the PERSI supplemental defined contribution program, including 63,000 active members, 26,000 retirees, and 18,000 inactive members.
ACS offers a full range of integrated, end-to-end HRO services, and is renowned for its pioneering initiatives that have opened a complete spectrum of customized HRO solutions to large-scale clients around the world. ACS provides HRO services for more than three million people around the globe, delivering services from more than 80 locations in more than 60 countries and supporting 20 languages. ACS' comprehensive suite of HRO capabilities includes total benefits outsourcing -- complete employee services and benefits administration -- as well as strategy and consulting to engineer and improve human resources operations and services.
PERSI is a multi-billion dollar retirement plan designed to provide secure, long-term pension benefits for employees who choose careers in public service. The plan provides defined benefit and supplemental defined contribution retirement plans, disability retirement, survivor, and account withdrawal benefits, with some 63,000 active members, 18,000 inactive members and 26,000 retirees or annuitants receiving benefits. Learn more at http://www.persi.state.id.us/.
ACS, a global FORTUNE 500 company with 58,000 people supporting client operations reaching more than 100 countries, provides business process outsourcing and information technology solutions to world-class commercial and government clients. The Company's Class A common stock trades on the New York Stock Exchange under the symbol "ACS." ACS makes technology work. Visit ACS on the Internet at http://www.acs-inc.com/.
The statements in this news release that do not directly relate to historical facts constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to numerous risks and uncertainties, many of which are outside the Company's control. As such, no assurance can be given that the actual events and results will not be materially different than the anticipated results described in the forward-looking statements. Factors could cause actual results to differ materially from such forward-looking statements. For a description of these factors, see the Company's prior filings with the Securities and Exchange Commission, including our most recent filing. ACS disclaims any intention or obligation to revise any forward-looking statements, whether as a result of new information, future event, or otherwise.
Website: http://www.acs-inc.com/
Website: http://www.persi.state.id.us/
Click on the labels below for more posts on those categories
See also outsourcing updates for related categories: Government & Society, Human Resources, Finance & Accounting, Computers & Software, USA
ACS Wins Renewed Defined Contribution Outsourcing Contract With Public Employee Retirement System of Idaho
DALLAS, March 27 -- Affiliated Computer Services, Inc. (NYSE: ACS) , a premier provider of business process outsourcing and information technology solutions, announced today that it has been awarded a renewal of its defined contribution outsourcing contract with the Public Employee Retirement System of Idaho (PERSI), a multi-billion dollar retirement plan providing long-term benefits for more than 100,000 members who have had careers in public service. The three-year contract is valued at $4.7 million, with a two-year renewal option.
ACS has been providing participant recordkeeping, communications, and compliance services for PERSI members of their supplemental 401(k) plan since 2001. These services will continue under the terms of the renewed agreement, with ACS enhancing its communications services to include consulting services that will promote PERSI's defined contribution plan, which ACS supports. ACS will also manage a state-of-the-art participant website on behalf of PERSI.
ACS won the business despite strong competition, underscoring its successful track record with PERSI, as well as a history of delivering exceptional service in the defined contribution plan arena. The contract is one of a number of recent renewals for ACS in the human resource outsourcing (HRO) and the total benefits outsourcing lines of business.
"ACS delivers expert knowledge of complex issues and a consistent commitment to technical excellence that translates into efficient, accurate, and customer-focused servicing for our members," said Diane Kaiser, Choice Plan 401(k) Manager of PERSI. "With ACS' help, we have measurably enhanced our member services in the 401(k) plan, and at the same time, improved and streamlined efficiencies. We value ACS' partnership approach and flexibility, especially in the somewhat unique environment of a governmental 401(k) plan, which allows us to work closely together to effectively meet the diverse needs of our members."
"Total benefits outsourcing is a core competency of ACS' HRO business," said David Bywater, ACS Senior Managing Director, HRO Solutions. "Paired with our industry-leading consulting capabilities, ACS has distinguished itself globally as a top HRO provider -- offering comprehensive solutions and best-in-class service and results that help our clients improve their overall performance in human resources. We're extremely pleased about continuing to support PERSI and its members under this renewed agreement."
ACS and PERSI support 680 public employers within the PERSI supplemental defined contribution program, including 63,000 active members, 26,000 retirees, and 18,000 inactive members.
ACS offers a full range of integrated, end-to-end HRO services, and is renowned for its pioneering initiatives that have opened a complete spectrum of customized HRO solutions to large-scale clients around the world. ACS provides HRO services for more than three million people around the globe, delivering services from more than 80 locations in more than 60 countries and supporting 20 languages. ACS' comprehensive suite of HRO capabilities includes total benefits outsourcing -- complete employee services and benefits administration -- as well as strategy and consulting to engineer and improve human resources operations and services.
PERSI is a multi-billion dollar retirement plan designed to provide secure, long-term pension benefits for employees who choose careers in public service. The plan provides defined benefit and supplemental defined contribution retirement plans, disability retirement, survivor, and account withdrawal benefits, with some 63,000 active members, 18,000 inactive members and 26,000 retirees or annuitants receiving benefits. Learn more at http://www.persi.state.id.us/.
ACS, a global FORTUNE 500 company with 58,000 people supporting client operations reaching more than 100 countries, provides business process outsourcing and information technology solutions to world-class commercial and government clients. The Company's Class A common stock trades on the New York Stock Exchange under the symbol "ACS." ACS makes technology work. Visit ACS on the Internet at http://www.acs-inc.com/.
The statements in this news release that do not directly relate to historical facts constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to numerous risks and uncertainties, many of which are outside the Company's control. As such, no assurance can be given that the actual events and results will not be materially different than the anticipated results described in the forward-looking statements. Factors could cause actual results to differ materially from such forward-looking statements. For a description of these factors, see the Company's prior filings with the Securities and Exchange Commission, including our most recent filing. ACS disclaims any intention or obligation to revise any forward-looking statements, whether as a result of new information, future event, or otherwise.
Website: http://www.acs-inc.com/
Website: http://www.persi.state.id.us/
Click on the labels below for more posts on those categories
Labels: benefits-administration, benefits-administration-usa, government-usa, hr, hr-it, hr-usa, it-finance-usa, retirement-benefits, retirement-benefits-usa
PermaLink - ACS Wins Outsourcing Contract With Public Employee Retirement System of Idaho posted by Ecacofonix : 1:44 AM
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Sunday, March 25, 2007
Metavante, Temenos in Strategic Alliance to Launch Core Banking Platform in USA
Metavante and TEMENOS Form Strategic Alliance to Launch Advanced Core Banking Platform for United States
Press release
March 14, 2007
Metavante and Temenos form exclusive alliance for TCB in U.S.
Product development aimed at top-tier U.S. financial institutions
Metavante and Temenos take U.S. leadership in next wave of core technology
MILWAUKEE & GENEVA, Switzerland - Metavante Corporation, the financial technology subsidiary of Marshall & Ilsley Corporation (NYSE: MI), today announced the signing of a strategic agreement with TEMENOS Group (SWX: TEMN), the international provider of integrated core banking systems, to launch an advanced core banking platform based on TEMENOS™ COREBANKING (TCB) for top-tier U.S. financial institutions.
This innovative initiative combines leading TEMENOS TCB global banking technology with Metavante’s unique depth of banking knowledge and 40 years of experience in developing and deploying technology for the U.S. financial services marketplace. Metavante will be the exclusive provider of the new, advanced TCB-based platform to the United States market and also enjoy a preferential status for providing TCB as an outsourced solution internationally.
Metavante will deliver the new, enhanced TCB-based platform on a component basis, enabling large banks to replace aging solutions on a “line of business,” or phased approach. It will initially be available as a licensed solution designed for tier-one and tier-two financial institutions. In addition, Metavante plans to integrate these advanced capabilities as a series of component upgrades for those large financial institutions already using its core banking platform.
“Metavante is making a significant investment in core banking that, together with our on-going investment in our core business, will provide financial institutions with access to the latest technology and functionality to successfully compete in tomorrow’s banking market,” said Metavante President and Chief Executive Officer Frank Martire. “This platform will be one cornerstone of Metavante’s growth strategy for serving large financial institutions and expanding business internationally.”
“We expect the combination of Metavante’s leading market position, its development and distribution prowess in the U.S. banking software market, and its expertise in outsourcing services, with the product superiority of TCB will prove a formidable combination both in the United States and internationally,” said TEMENOS Chief Executive Officer Andreas Andreades.
TCB is the Temenos’ solution for large-scale retail and commercial banks. TCB is a highly scalable solution for tier-one and tier-two banks, as well as multi-bank outsourcing centers. It is a next-generation platform that delivers core retail processing together with a competitive advantage. TCB runs a number of large-scale banking operations. In Europe, TCB operates in the largest retail bank outsourcing center in Spain, running 74 banks and supporting a branch network of over 4,000 branches in a single processing instance. In Asia, TCB has been used as the core platform for a retail bank processing 17 million accounts.
“Because the TCB solution is platform independent, it can be deployed in COBOL as well as Java in a J2EE environment. This should be attractive to large U.S. banks, which operate with large mainframe environments and are challenged with aging platforms,” said Paul Danola, group president, Metavante Enterprise Solutions. “The new Metavante solution will provide large banks with next-generation technology to support advanced frameworks and standards; platform independence; offer a parameter-based solution built with flexible code generation; and a services-oriented architecture that is both open and able to integrate to other environments,” he added.
Metavante and Temenos will be co-hosting an investor briefing session in New York on 21st March, and in London on the 22nd March. Investors who are interested in attending should contact the respective investor relations officers (see contacts below).
About TEMENOS
Founded in 1993, TEMENOS Group AG is a provider of integrated modular core banking systems to over 580 financial institutions in 110 countries worldwide. TEMENOS software provides banks with a single, real-time view of the client across the enterprise, enabling banks to maximize returns while streamlining costs. Whether providing 24/7 functionality to the wholesale, retail and private or universal banking sectors, partnering with central banks on core system replacement, or working with the World Bank on solutions for the emerging markets, TEMENOS knows banking. The company has a transparent approach to its operations and brings to bear its experience, expertise, commitment and professionalism on every project. Headquartered in Geneva, Switzerland, the company has 39 offices in 31 countries and is listed on the main segment of the SWX Swiss Exchange (TEMN). www.temenos.com
About Metavante
Metavante Corporation delivers banking and payments technologies to over 8,600 financial services firms and businesses worldwide. Metavante products and services drive account processing for deposit, loan and trust systems, image-based and conventional check processing, electronic funds transfer, consumer healthcare payments, electronic presentment and payment, and business transformation services. Headquartered in Milwaukee, Metavante (www.metavante.com) is wholly owned by Marshall & Ilsley Corporation (NYSE: MI).
Metavante is a registered trademark of Metavante Corporation.
TEMENOS and TEMENOS™ COREBANKING are registered trademarks of TEMENOS Group AG.
Contacts
Metavante Corporation
Chip Swearngan, 414-357-3688
or
TEMENOS
Max Chuard, +41 (0) 22 708 1157
Caroline Guennelon, +41 (0) 22 855 1476
BlogOut provides global outsourcing updates across industries & business functions. See BlogOut Directory for the complete list of categories
Press release
March 14, 2007
Metavante and Temenos form exclusive alliance for TCB in U.S.
Product development aimed at top-tier U.S. financial institutions
Metavante and Temenos take U.S. leadership in next wave of core technology
MILWAUKEE & GENEVA, Switzerland - Metavante Corporation, the financial technology subsidiary of Marshall & Ilsley Corporation (NYSE: MI), today announced the signing of a strategic agreement with TEMENOS Group (SWX: TEMN), the international provider of integrated core banking systems, to launch an advanced core banking platform based on TEMENOS™ COREBANKING (TCB) for top-tier U.S. financial institutions.
This innovative initiative combines leading TEMENOS TCB global banking technology with Metavante’s unique depth of banking knowledge and 40 years of experience in developing and deploying technology for the U.S. financial services marketplace. Metavante will be the exclusive provider of the new, advanced TCB-based platform to the United States market and also enjoy a preferential status for providing TCB as an outsourced solution internationally.
Metavante will deliver the new, enhanced TCB-based platform on a component basis, enabling large banks to replace aging solutions on a “line of business,” or phased approach. It will initially be available as a licensed solution designed for tier-one and tier-two financial institutions. In addition, Metavante plans to integrate these advanced capabilities as a series of component upgrades for those large financial institutions already using its core banking platform.
“Metavante is making a significant investment in core banking that, together with our on-going investment in our core business, will provide financial institutions with access to the latest technology and functionality to successfully compete in tomorrow’s banking market,” said Metavante President and Chief Executive Officer Frank Martire. “This platform will be one cornerstone of Metavante’s growth strategy for serving large financial institutions and expanding business internationally.”
“We expect the combination of Metavante’s leading market position, its development and distribution prowess in the U.S. banking software market, and its expertise in outsourcing services, with the product superiority of TCB will prove a formidable combination both in the United States and internationally,” said TEMENOS Chief Executive Officer Andreas Andreades.
TCB is the Temenos’ solution for large-scale retail and commercial banks. TCB is a highly scalable solution for tier-one and tier-two banks, as well as multi-bank outsourcing centers. It is a next-generation platform that delivers core retail processing together with a competitive advantage. TCB runs a number of large-scale banking operations. In Europe, TCB operates in the largest retail bank outsourcing center in Spain, running 74 banks and supporting a branch network of over 4,000 branches in a single processing instance. In Asia, TCB has been used as the core platform for a retail bank processing 17 million accounts.
“Because the TCB solution is platform independent, it can be deployed in COBOL as well as Java in a J2EE environment. This should be attractive to large U.S. banks, which operate with large mainframe environments and are challenged with aging platforms,” said Paul Danola, group president, Metavante Enterprise Solutions. “The new Metavante solution will provide large banks with next-generation technology to support advanced frameworks and standards; platform independence; offer a parameter-based solution built with flexible code generation; and a services-oriented architecture that is both open and able to integrate to other environments,” he added.
Metavante and Temenos will be co-hosting an investor briefing session in New York on 21st March, and in London on the 22nd March. Investors who are interested in attending should contact the respective investor relations officers (see contacts below).
About TEMENOS
Founded in 1993, TEMENOS Group AG is a provider of integrated modular core banking systems to over 580 financial institutions in 110 countries worldwide. TEMENOS software provides banks with a single, real-time view of the client across the enterprise, enabling banks to maximize returns while streamlining costs. Whether providing 24/7 functionality to the wholesale, retail and private or universal banking sectors, partnering with central banks on core system replacement, or working with the World Bank on solutions for the emerging markets, TEMENOS knows banking. The company has a transparent approach to its operations and brings to bear its experience, expertise, commitment and professionalism on every project. Headquartered in Geneva, Switzerland, the company has 39 offices in 31 countries and is listed on the main segment of the SWX Swiss Exchange (TEMN). www.temenos.com
About Metavante
Metavante Corporation delivers banking and payments technologies to over 8,600 financial services firms and businesses worldwide. Metavante products and services drive account processing for deposit, loan and trust systems, image-based and conventional check processing, electronic funds transfer, consumer healthcare payments, electronic presentment and payment, and business transformation services. Headquartered in Milwaukee, Metavante (www.metavante.com) is wholly owned by Marshall & Ilsley Corporation (NYSE: MI).
Metavante is a registered trademark of Metavante Corporation.
TEMENOS and TEMENOS™ COREBANKING are registered trademarks of TEMENOS Group AG.
Contacts
Metavante Corporation
Chip Swearngan, 414-357-3688
or
TEMENOS
Max Chuard, +41 (0) 22 708 1157
Caroline Guennelon, +41 (0) 22 855 1476
BlogOut provides global outsourcing updates across industries & business functions. See BlogOut Directory for the complete list of categories
Labels: alliances, banks, banks-usa, finance, finance-north-america, finance-usa, it-finance, it-finance-europe, it-finance-usa
PermaLink - Metavante, Temenos in Strategic Alliance to Launch Core Banking Platform in USA posted by Ecacofonix : 10:10 AM
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Wednesday, March 21, 2007
Business Process Management Provider Teams Up With Microsoft Business Solutions Market Leader
Business Process Management Provider Teams Up With Microsoft Business Solutions Market Leader
Crystal Stowe, March 21, 2007
Alpharetta, GA – Emerald Coast Software, a premier provider of business process management solutions, announces today a partnership with ITWorks, a market leader in the Microsoft Business Solutions market, of Hattiesburg, Mississippi.
By combining efforts, the companies can immediately offer Accounts Payable process management software that can scan in images of invoice documents, read and interpret the images, make automated entries to accounts payable systems and store the invoice images in a document management system. This is just one example of the new capabilities for both companies. Emerald Coast is offering the imaging, process management, and interpretation software, while ITWorks is offering the integration with Microsoft Business Solutions products, specifically Great Plains, Solomon, Axapta, and Navision.
Read the full company release from here @ American Chronicle
BlogOut provides global outsourcing updates across industries & business functions. See BlogOut Directory for the complete list of categories
Crystal Stowe, March 21, 2007
Alpharetta, GA – Emerald Coast Software, a premier provider of business process management solutions, announces today a partnership with ITWorks, a market leader in the Microsoft Business Solutions market, of Hattiesburg, Mississippi.
By combining efforts, the companies can immediately offer Accounts Payable process management software that can scan in images of invoice documents, read and interpret the images, make automated entries to accounts payable systems and store the invoice images in a document management system. This is just one example of the new capabilities for both companies. Emerald Coast is offering the imaging, process management, and interpretation software, while ITWorks is offering the integration with Microsoft Business Solutions products, specifically Great Plains, Solomon, Axapta, and Navision.
Read the full company release from here @ American Chronicle
BlogOut provides global outsourcing updates across industries & business functions. See BlogOut Directory for the complete list of categories
Labels: accounting-software, accounts-payable, apar, document-management-software, it-accounting, it-finance, it-finance-usa
PermaLink - Business Process Management Provider Teams Up With Microsoft Business Solutions Market Leader posted by Ecacofonix : 10:59 AM
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Friday, March 9, 2007
Strategic Risk Management for Financial Services Seminar
OpenPages Partners With Guillermo Kopp and TowerGroup to Deliver Strategic Risk Management for Financial Services Seminar
By: Marketwire @ Sys-Con
Mar. 9, 2007
Financial Services Risk Management roundtable event: Turning Risk and Compliance Cost into a Profitable Business Investment
Where: Millennium Hilton, 55 Church Street, New York, New York 10007
When: Tuesday, March 20, 2007; 8:00am EDT
The fully loaded cost of risk and compliance across the financial services industry will reach an estimated global total in the range of 330 billion USD in 2007. In addition to unnecessary duplication in technology, more than 80% of this cost is still comprised of direct administrative expenses (e.g., compliance, risk management, operational and financial controls) and includes the administrative overhead that is also loaded on most line and management functions.
This seminar addresses these issues. More on this news release from Sys Con
BlogOut provides regular, global outsourcing updates for all industries & business functions, in hundreds of categories. See BlogOut Directory for the complete list of categories
By: Marketwire @ Sys-Con
Mar. 9, 2007
Financial Services Risk Management roundtable event: Turning Risk and Compliance Cost into a Profitable Business Investment
Where: Millennium Hilton, 55 Church Street, New York, New York 10007
When: Tuesday, March 20, 2007; 8:00am EDT
The fully loaded cost of risk and compliance across the financial services industry will reach an estimated global total in the range of 330 billion USD in 2007. In addition to unnecessary duplication in technology, more than 80% of this cost is still comprised of direct administrative expenses (e.g., compliance, risk management, operational and financial controls) and includes the administrative overhead that is also loaded on most line and management functions.
This seminar addresses these issues. More on this news release from Sys Con
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Labels: compliance-finance, events, events-finance, events-finance-usa, finance, finance-risk-management, it-finance, it-finance-risk-management, it-finance-usa
PermaLink - Strategic Risk Management for Financial Services Seminar posted by Ecacofonix : 10:53 PM
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